General insurance chief David McMillan expects 20% growth

Aviva's corporate risks division will be writing around £300m of business by the end of the year, says David McMillan, chief executive of UK general insurance.

McMillan said Aviva already had around £250m in larger risks historically, such as fleet and property, but the new division would add around 20%.

McMillan, speaking to Insurance Times following the release of Aviva's half year results this morning, said: "We have had a reasonable presence in the large risks for the last seven or eight years, so we have got a business of about £250m in size. We are looking to grow that this year by around 20% and we are well on track to do that.

"The launch of the business has had a great response from the brokers that we’re dealing with. They are now seeing us start to recruit serious capability from the market and that will continue. So far so good."

Aviva's corporate risks division was launched at the beginning of the year. The unit, led by Dipak Warren, underwrites in areas including property, casualty, fleet, construction and specialist lines.

For more, read next week's Insurance Times.